Covington, LA

Buyer's market-36.1% YoY

Housing market overview · Updated weekly

$329,000median sale price

Homes sold

7

Last 12 weeks

Days on market

55

Average pace

Active listings

70

10.0 months supply

Sale-to-list

96.9%

Below asking

The Covington housing market is currently classified as a buyer's market with a median sale price of $329,000. Prices have fallen 36.1% compared to last year, with homes spending an average of 55 days on market, indicating 10.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.

Market trends

Homes for sale in Covington

There are currently 70 homes listed for sale in Covington, Louisiana. The median listing price is $299K.

Active listings

70

Homes on market

Median list price

$299K

Avg. days on market

55

Days until sale

New this week

19

Newly listed

Price drops:28.6%of listings
Sale-to-list:96.9%

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Frequently asked questions

What is the average home price in Covington?

The median home sale price in Covington is $329,000, down 36.1% from last year.

How long do homes stay on market in Covington?

Homes typically spend 55 days on market before going under contract.

Is Covington a buyer's or seller's market?

With 10.0 months of supply, Covington is currently a buyer's market.

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